Nice. I totally agree we will have times we should estimate to coordinate dependencies and ballpark things, but the overall value of the estimate is almost meaningless. It might help you not start building something way out of your budget, but it won’t tell you the real cost since the product has to change.
When the CFO or whoever’s funding the project does so monthly - they know the real cost up front. What they don’t know is the scope. And they don’t need to because the team can try multiple times to satisfy the customer for as long as they’re funded. The work they do has to result in profit, but measured less frequently on milestones agreed upon by everyone as targets. But these are revenue targets (or some other measurable business result) - not targets for a fixed scope of product functionality.
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Nice. I totally agree we will have times we should estimate to coordinate dependencies and ballpark things, but the overall value of the estimate is almost meaningless. It might help you not start building something way out of your budget, but it won’t tell you the real cost since the product has to change.
When the CFO or whoever’s funding the project does so monthly - they know the real cost up front. What they don’t know is the scope. And they don’t need to because the team can try multiple times to satisfy the customer for as long as they’re funded. The work they do has to result in profit, but measured less frequently on milestones agreed upon by everyone as targets. But these are revenue targets (or some other measurable business result) - not targets for a fixed scope of product functionality.